#BTC🔥🔥🔥🔥🔥

📈 Technical Outlook of #BTC

Bull flags & trend patterns: CoinDesk reports a bullish “bull flag” breakout on IBIT chart, which often leads to a 30% rally—potentially pushing BTC from ~$111k to $140k .

Maintained bullish momentum: TradingView’s technical rating remains Strong Buy on daily and weekly charts . Binance Square’s intraday update notes a short-term bearish bias, with price at ~$105.8k, signaling possible quick pullbacks before resuming upward .

🔑 Key Levels to Watch

Resistance: ~$112k–113k is crucial—breakouts above here may clear the way to **$120k+** .

Support: Steady footholds lie near $105k–106k (Binance) and $102k (ITB Broker) . Dropping below ~$102k could intensify short-term selling.

🧭 Sentiment & Market Flow

ETF inflows: Mudrex highlights strong ETF activity on July 9—about $215 million net inflows , signaling confidence from institutional players.

Macro backdrop: U.S. interest rate speculations and geopolitical uncertainties are bolstering BTC as an alternative or inflation hedge .

🧩 Intraday Trading Plan (Based on Binance/Signals)

Short-bias setup

Entry: $105,850–$106,200

SL: $106,750 (above EMA25)

TPs: $105,250 → $104,800 → $104,200

Aggressive breakout (long)

Entry: above $106,750 with strong volume

SL: $106,200

TPs: $107,400 → $108,200